Cyta, a telecommunication provider in Cyprus, has announced the signing of an agreement with the Lebanese Ministry of Telecommunications for the construction and maintenance of a new subsea telecommunications connection between Cyprus and Lebanon, with the commercial name CADMOS-2.
On Monday, the agreement was inked in Beirut. Cyta was represented by company CEO Andreas Neocleous and board chairman Michalis O. Ioannides.
CADMOS-2 will complement and, in the future, replace a cable system interconnecting the two countries since 1995 and is expected to be operational in 2024, to meet the needs of international connectivity.
The announcement states that the partnership strengthens Cyta’s status as a communications hub and its function as a services center in the larger Eastern Mediterranean region. In addition, it strengthens broader cooperation between Cyprus and Lebanon at a crucial moment when there is a lot of uncertainty.
According to Constantinos Petrides, the Minister of Finance of the Republic of Cyprus, Cyprus and Lebanon, there has always been goodwill between these two historically adjacent countries. They have made a sustained effort to improve this relationship, as seen by their signing of the agreement to rebuild the infrastructure that connects them.
Meanwhile, for Johnny Corm, the Minister of Telecommunications of the Lebanese Republic, they express their profound gratitude to CYTA and the Cypriot government for this crucial project and hope that their continued collaboration would benefit both countries.
Moreover, Michalis O. Ioannides, Cyta Chairman, also mentioned that with CADMOS-2, Cyta improves connection between Cyprus and Lebanon while also fostering cordial ties between the two countries. The project establishes the framework for fresh commercial opportunities that will boost the economies of both countries.
As for the Cyta CEO, Andreas Neocleous noted that the new subsea cable system highlights their dedication to offering excellent, dependable services to both local and international consumers, while also enhancing their country’s standing as a technological hub.